RCNI Rcn (MM)

Prof. Dr. Thieler - Prof. Dr. Boeh - Thieler - Seitz Corp. (“Thieler Law”) announces its investigation of the Board of Directors of RCN Corporation (“RCN” or the "Company") (NASDAQ:RCNI) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to investment fund managed by ABRY Partners.

On March 05, 2010 RCN and ABRY Partners announced that they entered into an agreement for an investment fund managed by ABRY Partners to acquire RCN for a total consideration of approximately $1.2 billion, including the assumption of debt. Under the proposed agreement each share of RCNI common stock issued and outstanding immediately prior to the effective time of the merger will be entitled to receive $15 in cash.

The investigation concerns, among other things, whether the consideration to be paid to RNC shareholders is substantially below the fair or inherent value of RCN Corporation, whether the RCN Corp. Board of Directors breach their fiduciary duties to RCN Corp. (NASDAQ:RCNI) shareholders by failing to adequately shopped RCN Corporation before entering into the proposed transaction, and whether the investment fund managed by ABRY Partners may be underpaying for RCN Corporation (RCNI), thus unlawfully harming RCNI shareholders.

If you own common stock in RCN Corporation (NASDAQ:RCNI), if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact our San Diego office at:

Thieler Law, 3111 Camino Del Rio North, Suite 400, San Diego, CA 92108, by email: SanDiego@Thieler-Boeh-Seitz.com or by telephone at +1 (619) 866 - 6157 or visit our website http://www.Thieler-Boeh-Seitz.com.

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